Private Banking and Wealth Management - Be Shaping The Future

Private Banking and Wealth Management

The brief

An international bank commissioned us to support them in Private Banking and Wealth Management. The following problems had to be solved:

  • High operational and reputational risks due to in-house solutions with numerous manual interfaces, costly maintenance and ongoing development 
  • Insufficient E2E digitalization of core processes and low level of automation 
  • Risk of competitive disadvantages due to existing product and service offerings  
  • Lack of cost efficiency and no realization of possible additional revenue potentials 

Our approach

  • Conducting a feasibility study incl. evaluation of alternative target solutions  
  • Design of the target operating model and target IT architecture and infrastructure for outsourcing defined functions and activities to an external asset manager 
  • Program planning for a strategic 4-year initiative  
  • Methodical, functional and technical support for the agile implementation of new requirements (20+ banking applications) 
  • Implementation of an innovative, digital E2E process landscape and IT target architecture 
  • Test management, migration and release management 
  • Development of the product specification and launch of an innovative new discretionary portfolio management product 

The solution and key benefits

  • NNA increase and realization of additional earnings potential 
  • Reduction of existing operational and reputational risks through process automation (digitalized and integrated E2E processes) 
  • Cost saving effects by outsourcing defined functions and activities to an external asset manager 
  • Competitive advantages due to a new, state-of-the-art wealth management platform and the offered customized product and service portfolio 


Ready to begin?

If you have a query or would like to arrange an initial meeting to discuss how we can shape the future of your business, then get in touch and our team will get back to you shortly.

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